Sports ticket derivative

Sports ticket derivative

A sports ticket derivative is a type of futures contract specifically for sports tickets. Typical terms of a ticket future contract stipulate that a ticket to a specific game (typically a championship game, such as Super Bowl or World Series) is delivered to the holder of the contract contingent on a specific team making it to that event. Ticket futures were first offered by yoonew in 2004, under the title of Team Fantasy Seats [cite web | url =http://www.forbes.com/home/entrepreneurs/2005/12/21/yoonew-ticketmaster-tickets-cx_bn_1222yoonew.html | title=Forbes - "Final Four Tickets at 80% Off"] .

History

Sports ticket futures were first offered in 2004 by yoonew. They came in the form of Team Fantasy Seats which allowed investors and fans to buy a contract for a Super Bowl or NCAA Final Four ticket contingent on a specific team reaching the event.As of September, 2008, yoonew has offered sports ticket derivatives for the Super Bowl, NFC Championship Game, AFC Championship Game, NCAA Men's Final Four, College Football BCS National Championship Game, NBA Finals, MLB World Series, Stanley Cup Finals, and UEFA European Football Championship.

How it works

For example, you could purchase a Team Fantasy Seat through yoonew for the New York Giants at a market-based price [cite web | url =http://www.techcrunch.com/2008/01/06/super-bowl-tickets-at-a-fraction-of-the-price-super-deal-or-super-swindle/ | title= Super Bowl Tickets At A Fraction Of The Price: Super Deal Or Super Swindle?] . If the Giants make it to the Super Bowl, the holder of the contract receives a Super Bowl ticket at no additional cost.

ee also

*yoonew
*Futures contract
*Futures exchange
*Ticket resale

References

External links

* [https://www.yoonew.com/direct Yoonew.com]
* [http://blog.yoonew.com Official Yoonew Blog]
* [http://forum.yoonew.com Official Yoonew Forum]


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